Deutsche Bank AG Grows Holdings in Atlas Energy Solutions Inc. (NYSE:AESI)

Deutsche Bank AG lifted its position in Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 64.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 61,713 shares of the company's stock after purchasing an additional 24,133 shares during the quarter. Deutsche Bank AG owned about 0.06% of Atlas Energy Solutions worth $1,369,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Barclays PLC increased its position in shares of Atlas Energy Solutions by 574.5% during the third quarter. Barclays PLC now owns 175,082 shares of the company's stock valued at $3,817,000 after acquiring an additional 149,126 shares during the last quarter. DAVENPORT & Co LLC boosted its stake in shares of Atlas Energy Solutions by 29.0% in the fourth quarter. DAVENPORT & Co LLC now owns 45,800 shares of the company's stock valued at $1,016,000 after purchasing an additional 10,300 shares during the period. Copeland Capital Management LLC raised its holdings in Atlas Energy Solutions by 19.3% during the fourth quarter. Copeland Capital Management LLC now owns 2,247,774 shares of the company's stock worth $49,856,000 after purchasing an additional 363,742 shares in the last quarter. Hodges Capital Management Inc. grew its position in Atlas Energy Solutions by 44.7% in the 4th quarter. Hodges Capital Management Inc. now owns 194,000 shares of the company's stock valued at $4,302,000 after buying an additional 59,940 shares during the last quarter. Finally, Yousif Capital Management LLC purchased a new position in Atlas Energy Solutions in the 4th quarter valued at $509,000. Hedge funds and other institutional investors own 34.59% of the company's stock.

Insider Transactions at Atlas Energy Solutions

In other news, Director Douglas G. Rogers acquired 7,000 shares of the business's stock in a transaction on Wednesday, May 14th. The shares were purchased at an average price of $13.27 per share, for a total transaction of $92,890.00. Following the acquisition, the director now directly owns 10,000 shares of the company's stock, valued at $132,700. This represents a 233.33% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Gregory M. Shepard acquired 32,155 shares of the business's stock in a transaction on Thursday, February 27th. The stock was purchased at an average price of $19.04 per share, for a total transaction of $612,231.20. Following the acquisition, the insider now directly owns 7,651,210 shares in the company, valued at $145,679,038.40. This represents a 0.42% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders bought 48,790 shares of company stock worth $834,038. 15.98% of the stock is currently owned by company insiders.

Atlas Energy Solutions Price Performance

AESI stock traded up $0.20 during trading on Tuesday, hitting $12.61. The stock had a trading volume of 1,442,699 shares, compared to its average volume of 1,363,794. The company's 50 day moving average price is $14.45 and its two-hundred day moving average price is $19.17. Atlas Energy Solutions Inc. has a 1-year low of $11.76 and a 1-year high of $26.86. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of 15.96 and a beta of 1.34. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.23.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.10). Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. The company had revenue of $297.59 million for the quarter, compared to analyst estimates of $291.13 million. During the same period in the prior year, the company earned $0.26 EPS. The company's revenue was up 54.5% compared to the same quarter last year. On average, sell-side analysts forecast that Atlas Energy Solutions Inc. will post 0.83 EPS for the current fiscal year.

Atlas Energy Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 7.93%. The ex-dividend date of this dividend was Thursday, May 15th. Atlas Energy Solutions's payout ratio is currently 322.58%.

Analysts Set New Price Targets

A number of research firms recently weighed in on AESI. Royal Bank of Canada lowered their price objective on shares of Atlas Energy Solutions from $21.00 to $17.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Piper Sandler decreased their target price on shares of Atlas Energy Solutions from $22.00 to $17.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. The Goldman Sachs Group decreased their target price on shares of Atlas Energy Solutions from $22.00 to $15.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Stephens boosted their target price on shares of Atlas Energy Solutions from $28.00 to $29.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 28th. Finally, Benchmark decreased their target price on shares of Atlas Energy Solutions from $28.00 to $25.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. Six research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $19.28.

Atlas Energy Solutions Profile

Atlas Energy Solutions Inc engages in the production, processing, and sale of mesh and sand that are used as a proppant during the well completion process in the Permian Basin of Texas and New Mexico. The company provides transportation and logistics, storage solutions, and contract labor services. It sells its products and services to oil and natural gas exploration and production companies, and oilfield services companies.